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December International Monetary Fund. October Lists of countries by GDP rankings. Per capita Past per capita Past and projected per capita Private consumption per capita Per person employed Ten largest historically 19th century. Per capita Past and projected per capita Sector composition. PPP per capita Nominal per capita.

Lists of countries by financial rankings List of international rankings List of top international rankings by country Lists by country. Hidden categories: Articles with short description Short description is different from Wikidata Wikipedia articles in need of updating from December All Wikipedia articles in need of updating. Namespaces Article Talk. Views Read Edit View history.

Help Learn to edit Community portal Recent changes Upload file. Download as PDF Printable version. Antigua and Barbuda. The Bahamas. Bosnia and Herzegovina. Brunei Darussalam. Burkina Faso. Cabo Verde. Central African Republic.

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Democratic Republic of the Congo. Republic of Congo. Costa Rica. Cote d'Ivoire. Czech Republic.Gross Domestic Product GDP is the monetary market value of all final goods and services made within a country during a specific period.

The world GDP is the added total of the gross national income for every country in the world. The value of gross national income, GNI, differs from that of GDP because it reflects the impact of domestic and international trade. When the GNIs of every country in the world are added together, the value of imports and exports are in balance.

The world economy consists of economies, with the United States being the largest. Inthe growth rate for the world GDP was 3. There are two main systems of common currency conversion: nominal and PPP. These two approaches to GDP estimation have separate strengths and are generally used for different reasons.

The nominal GDP of an area is determined using up-to-date market prices and shifts according to inflation. The rate of price increases in an economy is also factored into nominal GDP.

imf gdp ranking

Also, generally speaking, nominal GDP can differ significantly from year to year depending on variations in the exchange rate. PPP stands for purchasing power parity. PPP GDP is used to measure both the economic growth and living standards in a country, making it a useful tool in global comparisons.

Then, using a consistent amount of money, the quantity of goods and services that may be purchased in the countries is compared. For example, PPP may compare the cost of a car in France to the cost of a car in Japan after using the exchange rate to convert yen to Euros, or vice versa to analyze the difference in GDP and cost of living between these nations.

As such, the nominal GDP is typically used to measure and compare the size of national economies. What are the largest economies in the world? Economic growth and prosperity are impacted by a wide array of factors, namely investment in workforce education, production output as determined by investment in physical capitalnatural resources, and entrepreneurship. The economies of the U.

The U. Additionally, the United States is ranked second in the world for the approximate value of natural resources. Inthe U. Several factors contribute to the U. The growing population in the U. As the second-largest economy in the world, China has seen an average growth rate of 9.

The reform program emphasized the creation of private and rural businesses, easing the state regulations on prices, and investment in workforce education and industrial output. While the financial crisis took a hit on the Japanese economy and has stunted its growth since then, it is expected that the Olympics will give it a boost. Because of its dependency on capital good exports, the economy had a significant setback post financial crisis.

The German economy is currently in the middle of its fourth industrial revolution due to the Internet and the digital age.

Industry 4. India is developing into an open-market economy from its previous autarkic policies. These measures have helped India accelerate economic growth. Manufacturing and agriculture are two other significant sectors of the economy. Inthe UK was the tenth-largest exporter of goods in the world, exporting goods to countries worldwide. In the 18th century, the United Kingdom was the first country to industrialize.

London is the second-largest financial center in the world. Manufacturing and agriculture are the second- and third-largest sectors in the United Kingdom. France is the third-largest economy in Europe behind Germany and the UK and the seventh-largest economy in the world.

The chemical industry is a key sector for France, as well as agriculture and tourism.We use cookies to improve your experience on our website. By using our website you consent to all cookies in accordance with our updated Cookie Notice.

imf gdp ranking

This rapid rise has been fueled by a number of factors, according to a McKinsey Global Institute report, including urbanization and technologies that have improved efficiency and productivity.

India's real GDP, however, a measure that accounts for inflation, is forecast to slow in the year ahead thanks to credit weaknesses. India's rise is even more dramatic across the past 25 years.

Despite its strong economic growth, the country still faces its share of challenges. Access to development and new opportunities has been uneven, says the World Bankvarying by geographic location. Furthermore, India remains home to one quarter of the world's poor. In latethe World Economic Forum, in collaboration with India's oil and skills development minister as well as the head of business consulting company Infosys, launched a Task Force for Closing the Skills Gap in India.

Find out more about our Closing the Skills Gap initiative.

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Still, significant progress has been made. Poverty reduction rates are among the highest in the world, with more than million fewer people living in extreme poverty in compared to According to the World Bankthe country is also seeking ways to ensure its future growth is more sustainable and inclusive, adjusting its policies regarding social protections and infrastructure development.

Joe MyersWriter, Formative Content. The views expressed in this article are those of the author alone and not the World Economic Forum. While nations such as China, India and Brazil produce a lot of the world's total CO2 emissions, they are also leading the way in a renewable energy transition.

Lengthy school closures and a rapid transition to e-learning have highlighted long-standing issues of education inequality and a digital educational divide. I accept. Joe Myers Writer, Formative Content. Learn more. Most Popular.This page is a list of the countries of the world by gross domestic product at purchasing power parity per capita, i.

As estimates and assumptions have to be made, the results produced by different organizations for the same country are not hard facts and tend to differ, sometimes substantially, so they should be used with caution.

Comparisons of national wealth are frequently made on the basis of nominal GDP and savings not just incomewhich do not reflect differences in the cost of living in different countries see List of countries by GDP nominal per capita ; hence, using a PPP basis is arguably more useful when comparing generalized differences in living standards between nations because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using only exchange rateswhich may distort the real differences in income.

This is why GDP PPP per capita is often considered one of the indicators of a country's standard of living, [3] [4] although this can be problematic because GDP per capita is not a measure of personal income.

See Standard of living and GDP.

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All figures are in current international dollarsand rounded up or down to the nearest whole number. Several economies that are not considered to be sovereign states such as various dependent territories are included because they appear in the sources.

These non-sovereign entities, former countries and other special groupings are in italics. They are listed in dollar order, but are not given a numerical rank. There are many natural economic reasons for GDP-per-capita to vary between jurisdictions e. However, it is increasingly being recognized that tax havensor corporate tax havenshave distorted economic data which produces artificially high, or inflated, GDP-per-capita figures.

The Top 20 Economies in the World

These investments in empty corporate shells almost always pass through well-known tax havens. InIreland's economic data became so distorted by U. Ireland is one of the world's largest corporate tax havens. Ireland has, more or less, stopped using GDP to measure its own economy.

And on current trends [because Irish GDP is distorting EU aggregate data], the eurozone taken as a whole may need to consider something similar. The statistical distortions created by the impact on the Irish National Accounts of the global assets and activities of a handful of large multinational corporations have now become so large as to make a mockery of conventional uses of Irish GDP.

A list of the top 15 GDP-per-capita countries from —, contains most of the major global tax havens see GDP-per-capita tax haven proxy for more detail :. From Wikipedia, the free encyclopedia. Not to be confused with List of countries by GDP nominal per capita. Wikipedia list article. Data unavailable. International Monetary Fund. Retrieved 24 February October Retrieved 30 March World Bank. Retrieved 7 July Accessed on 7 March Journal of Public Economics. The paper implicitly adopts the "smaller" tax haven approach, i.

It also excludes non-sovereign tax havens for example, Delaware or Labuan. June Council on Foreign Relations. Retrieved 10 April Lists of countries by GDP rankings. Per capita Past per capita Past and projected per capita Private consumption per capita Per person employed Ten largest historically 19th century.

Per capita Past and projected per capita Sector composition. PPP per capita Nominal per capita.As ofUnited States and China would occupy first two places in world gdp ranking of both methods. Margin between US and China is coming down in nominal ranking as China gdp growth rate of 5. China has overtook US in on ppp basis and gap is increasing. China will remain the world's largest economy on ppp basis over the next few decades as 2nd ranked US is growing slow and 3rd ranked India is way behind.

Year might see change in top 10 as France is projected to overtake United Kingdom. Other change in top 20 would be Turkey overtaking Saudi Arabia. Among top 50, Economic rank of Philippines would move up by 3. In ppp ranking, there might be two changes in top 20 with Saudi Arabia and Egypt surpassing Canada and Iran.

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Vietnam would up by two position in global ranking. In the list of top 50, Bangladesh is fastest growing with 7. Argentina has lowest growth rate of In PPP, no economy in top ten in both ranking.

Three economies are in both list of top United States 2,11Germany 5,20and Saudi Arabia 17, Home World India. Economy World India. Demographics World Country India. Politics India. Geography World India. Sports World India. Article World India. Top Statistics. India's GDP shrinks GDP Ranking The different phases of economic cycles toss economies around the world. When compared to the top 20 economies of17 are still present on the list, which means only three new entrants.

In addition to the key players remaining almost the same, this analysis reveals these economies are the engine of growth, commanding a majority of the global wealth.

The U.

List of IMF ranked countries by GDP

The size of the U. When the economies are assessed in terms of purchasing power parity, the U. Inthe U. The gap between the size of the two economies in terms of nominal GDP is expected to lessen by ; the U. China has experienced exponential growth over the past few decades, breaking the barriers of a centrally-planned closed economy to evolve into a manufacturing and exporting hub of the world. China is often referred to as the "world's factory," given its huge manufacturing and export base.

However, over the years, the role of services has gradually increased and that of manufacturing as a contributor to GDP has declined relatively. In recent years, the pace of growth has slowed, although it remains high in comparison to its peer nations. The IMF projects a growth of 5. Over the years, the difference in the size of the Chinese and the U. The financial crisis of rocked the Japanese economy and it's been a challenging time for its economy since then.

The global crisis triggered a recession, followed by weak domestic demand and huge public debt. When the economy was beginning to recover, it suffered a massive earthquake that hit the country socially and economically. While the economy has broken the deflationary spiral, economic growth remains muted. Its economy will get some stimulus with the Olympics keeping the investment flow strong, which is backed by a lax monetary policy by the Bank of Japan.

Germany is not just Europe's largest economy but also the strongest.

imf gdp ranking

The nation has been dependent upon capital good exports, which suffered a setback post financial crisis. The economy grew by 2. However, the IMF says this slipped to 1. To bolster its manufacturing strength in the current global scenario, Germany has launched Industrie 4.

List of countries by GDP (PPP) per capita

India has become the fifth-largest economy inovertaking the United Kingdom and France. India's growth rate is expected to rise from 7. Manufacturing remains as one of its crucial sectors and is being given due push via the governments' initiatives, such as "Make in India. The economy's strength lies in a limited dependence on exports, high saving rates, favorable demographics, and a rising middle class. When compared in terms of GDP purchasing-power-parity, U.

Starting from untilthe economy of the U. However, it witnessed a decline in its output for five consecutive quarters starting April The economy of the U. In recent years, the economic growth has slowed, resulting in unemployment that has placed immense pressure on the government to reboot the economy.

Duringit declined to 9. In addition to tourism, which remains very important for its economy, France is a leading agricultural producer, accounting for about one-third of all agricultural land within the European Union.Rigondeaux preview, pick Vasyl Lomachenko and Guillermo Rigondeaux will go toe-to-toe on Saturday night Rigondeaux gets 2nd chance to spoil Arum The enigmatic defensive wizard faces Vasyl Lomachenko in Saturday's junior lightweight title.

New Orleans (Total)Dallas at NY Giants (Spread)Cincinnati vs. San Francisco (Total)Minnesota at Carolina (Total)Minnesota at Carolina (Spread)Kansas City vs. Oakland (Total)Green Bay at Cleveland (Spread)Green Bay at Cleveland (Total)LA Rams vs. Philadelphia (Total)LA Chargers vs.

Welcome to the Sports Betting Odds section of The Sports Geek. The most common type of sports betting odds used in North America are the American style odds which we explain below. There are a couple different versions of sports betting odds, but these American Odds are the most common odds used.

Reading and understanding sports betting odds can bet a little confusing to beginners, so we have provided an example below using two NFL football teams:The number shown in the bracket represents the odds. The American Odds have two components to them, the first being the positive or negative sign, and the second being the number that follows the sign.

The sign in front of the number indicates whether placing a wager on that outcome will pay out more money then you have wagered or less money then you have wagered. The next step is figuring out exactly how much the bet pays out, which is where the numbers in the odds come into play.

Again this can easily be converted into smaller or larger size bets. The great thing about betting online is that the online sportsbooks will do the calculations for you before you place your bet. You can click on the outcome or team you would like to bet on, and then input the amount you wish to wager and it will show you your potential pay out before you confirm your bet.

Ready To Start Betting. You will also get a Free Money Bonus at each sportsbook if you follow either link above. Decimal style odds are used mostly in Europe, and are pretty easy to understand. To calculate the decimal style odds all you will need to do is simply multiply the amount you wish to wager by the decimal odds shown and you will get your payout.

With that said, most online betting sites will allow you to chose the style of betting odds you want displayed, with American odds set as the default.

Click here to compare online betting sites so you can get started today. Below is an example of MLB betting odds taken from an online betting site. Decimal Style Sports Betting Odds Decimal style odds are used mostly in Europe, and are pretty easy to understand. For example it may look something like this: USA (2.

Tonight we have an 11-game slate on. NCAAM Basketball Pick for December 9th Alabama Crimson Tide (7-2) at Arizona Wildcats (6-3) The Betting line information for this article was taken from sportsbetting.

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Woods, 41, has not played a round of professional golf since February when he felt back spasms at the Dubai Desert Classic.